Universal Medical Services Inc

Analysis

Universal Medical Services Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Universal Medical Services Inc reported income of $6.6m and spending of $6.6m, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.2m to $6.6m (+106%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Universal Medical Services Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include B & D Integrated Health Services ($6.5m), Desert Senita Community Health Center ($6.6m) and Wisconsin Northern & Central Graduate Medical Education Consort ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.7m (26% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.7m against liabilities of $410k, net assets of $2.3m. It reported 79 employees.